Yue Yuen Industrial Reports Strong 2024 Earnings Growth

Yue Yuen Industrial (Holdings) ( (YUEIF) ) has released its Q4 earnings. Here is a breakdown of the information Yue Yuen Industrial (Holdings) presented to its investors.

Yue Yuen Industrial (Holdings) Limited is a leading global manufacturer of athletic, casual, and outdoor footwear, known for its extensive production capabilities and strong relationships with major international brands. The company also operates a significant sportswear retail network in Greater China through its subsidiary, Pou Sheng International.

In its latest earnings report for the year ended December 31, 2024, Yue Yuen Industrial reported a 3.7% increase in revenue to US$8.18 billion and a substantial 42.8% rise in profit attributable to owners, reaching US$392.4 million. The company also saw a significant increase in basic earnings per share, which rose by 42.9% to 24.37 US cents.

Key financial highlights include an 11.0% increase in revenue from footwear manufacturing, driven by a 16.9% rise in shipment volumes. Despite a decrease in average selling prices, the company’s manufacturing business showed strong performance with a 14.9% increase in gross profit. However, the retail segment, represented by Pou Sheng, faced challenges with a 9.5% decline in revenue due to weak store traffic in mainland China.

Looking ahead, Yue Yuen remains optimistic about the long-term growth of the global sporting goods industry, despite near-term uncertainties such as global tariffs and inflation. The company plans to continue its capacity expansion in regions like Indonesia and India, while focusing on digital transformation and operational excellence to enhance its production efficiency and maintain profitability.